Rooftop Solar Will Deliver 2,700MWh Annually to Steel Manufacturer in Philippines
Filipino rebar producer SteelAsia Manufacturing Corp. will decarbonize part of its Bulacan operations with a new 1.9-MW rooftop solar photovoltaic system.
The 3,200 solar modules commissioned by TotalEnergies ENEOS are capable of generating 2,700 MWh of renewable electricity annually. The solar output will cut energy costs for SteelAsia at its Meycauyan, Bulacan facility while also reducing the future carbon emissions by 2,300 metric tons per year from the site, according to the release.
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"Sustainability is at the core of our vision for the future of steel manufacturing," Andre Sy, president of SteelAsia, said in a statement. "This solar project with TotalEnergies ENEOS is a crucial step in reducing our environmental impact while ensuring energy sufficiency across our operations."
SteelAsia and TotalEnergies ENEOS signed a 10-year agreement on the rooftop solar installation. TotalEnergies ENEOS funded, installed and will operate the system, while the steel manufacturer will purchase the carbon-free electricity over the decade-long contract with no additional upfront costs.
The initiative is part of SteelAsia's decarbonization strategy to integrate renewable energy sources across its operations. Two of its plants, the Calaca green steel manufacturing plant and the Compostela, Cebu rolling mill, are powered by geothermal energy.
SteelAsia was founded in the Philippines 60 years ago and now produces close to 3 million metric tons of steel, including reinforcing steel bar (rebar) products annually. It has four steel mills across the Philippines.
The company exports much of its output to Canada, including its largest steel export ship out of 32,000 metric tons bound for Vancouver earlier this year. The $19 million shipment will be utilized for a Canadian subway construction project.
